ladbrokes-suffers-worst-cheltenham-festival-in-memory

worst Cheltenham Festival in memory

21 April 2016

Bookmaker Ladbrokes has stated this promotion code year's Cheltenham Festival was its "worst in living memory".
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All bookies were hit by a string of favourites winning at the celebration, but Ladbrokes also argued that rivals were using bets at levels that did not make organization sense.

Ladbrokes likewise verified that it has a ₤ 3m liability if Leicester City win the Premier League.
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Despite this promotion code, the yohaig code business said it had seen an encouraging start to the year.
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Revenue was more than 10% greater.
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Chief executive Jim Mullen said: "At Cheltenham we were advised of the intense competition with deals and rates at levels which, in our view, deserted bookmaking principles.
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"We competed tough however declined to pursue unsustainable methods."

He told the BBC betting was for his clients, not his business: "I have actually constantly said we're in the gambling business, we do not gamble ... I thought Cheltenham was a race to the bottom."

The company said the Grand National winner, Rule The World, which was a 33/1 shot, provided a bet9ja's welcome offer contrast to Cheltenham.
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Ladbrokes stated it was "confident" that its outcomes would remain in line with expectations.

'Recreational punter'
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Last year Ladbrokes announced plans to merge with its smaller competitor, Coral.

UK competitors authorities are presently looking at the offer.

Steve Clayton, analyst at Hargreaves Lansdown stockbrokers, stated the current trading statement from Ladbrokes was motivating, but the genuine issue was whether the merger with Coral would be enabled: "A merged Ladbrokes and Coral will have a dominant retail position, even if numerous shops need to be offered off.

"We expect substantial cost conserving will be possible since there will be vast areas of overlap and unnecessary duplication of functions across the combined company."

Ladbrokes is pursuing a various strategy to that of its competitors by focussing on customer care and the periodic punter, who will not always hunt for the finest chances.

Mr Clayton said: "the yohaig code bookie's method is to focus on the 'recreational punter', to put it simply the still soft and malleable, unhardened gamblers out there.

"These people do not know what the best odds must be, so it is much easier to construct a fat win margin into the bookmaker's terms."